|
Note 4 - Residential Mortgage Loans Held in Securitization Trusts (Net) and Real Estate Owned (Tables)
|
12 Months Ended |
|
Dec. 31, 2013
|
| Mortgage Loans on Real Estate [Abstract] |
|
| Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
|
|
|
December 31,
2013
|
|
|
December 31,
2012
|
|
|
Unpaid principal balance
|
|
$
|
165,173
|
|
|
|
189,009
|
|
|
Deferred origination costs – net
|
|
|
1,053
|
|
|
|
1,198
|
|
|
Reserve for loan losses
|
|
|
(2,989
|
)
|
|
|
(2,978
|
)
|
|
Total
|
|
$
|
163,237
|
|
|
|
187,229
|
|
|
| Allowance for Credit Losses on Financing Receivables [Table Text Block] |
|
|
|
Years Ended December 31,
|
|
|
|
|
2013
|
|
|
2012
|
|
|
2011
|
|
|
Balance at beginning of period
|
|
$
|
2,978
|
|
|
$
|
3,331
|
|
|
$
|
2,589
|
|
|
Provisions for loan losses
|
|
|
701
|
|
|
|
675
|
|
|
|
1,380
|
|
|
Transfer to real estate owned
|
|
|
(407
|
)
|
|
|
(899
|
)
|
|
|
(192
|
)
|
|
Charge-offs
|
|
|
(283
|
)
|
|
|
(129
|
)
|
|
|
(446
|
)
|
|
Balance at the end of period
|
|
$
|
2,989
|
|
|
$
|
2,978
|
|
|
$
|
3,331
|
|
|
| Real Estate Owned Through Foreclosure [Table Text Block] |
|
|
|
December 31,
2013
|
|
|
December 31,
2012
|
|
|
December 31,
2011
|
|
|
Balance at beginning of period
|
|
$
|
732
|
|
|
$
|
454
|
|
|
$
|
740
|
|
|
Write downs
|
|
|
(433
|
)
|
|
|
(124
|
)
|
|
|
(87
|
)
|
|
Transfer from mortgage loans held in securitization trusts
|
|
|
1,184
|
|
|
|
1,569
|
|
|
|
698
|
|
|
Disposal
|
|
|
(375
|
)
|
|
|
(1,167
|
)
|
|
|
(897
|
)
|
|
Balance at the end of period
|
|
$
|
1,108
|
|
|
$
|
732
|
|
|
$
|
454
|
|
|
| Past Due Financing Receivables [Table Text Block] |
|
Days Late
|
|
Number of Delinquent
Loans
|
|
|
Total
Unpaid Principal
|
|
|
% of Loan
Portfolio
|
|
|
30 - 60
|
|
|
3
|
|
|
|
601
|
|
|
|
0.36
|
%
|
|
61 - 90
|
|
|
1
|
|
|
|
239
|
|
|
|
0.14
|
%
|
|
90 +
|
|
|
30
|
|
|
|
18,036
|
|
|
|
10.76
|
%
|
|
Real estate owned through foreclosure
|
|
|
5
|
|
|
|
2,381
|
|
|
|
1.42
|
%
|
|
Days Late
|
|
Number of Delinquent
Loans
|
|
|
Total
Unpaid Principal
|
|
|
% of Loan
Portfolio
|
|
|
30 - 60
|
|
|
3
|
|
|
$
|
751
|
|
|
|
0.39
|
%
|
|
61 - 90
|
|
|
—
|
|
|
$
|
—
|
|
|
|
—
|
%
|
|
90 +
|
|
|
32
|
|
|
$
|
18,762
|
|
|
|
9.85
|
%
|
|
Real estate owned through foreclosure
|
|
|
4
|
|
|
$
|
1,421
|
|
|
|
0.75
|
%
|
|
| Schedules of Concentration of Risk, by Risk Factor [Table Text Block] |
|
|
|
December 31,
2013
|
|
|
December 31,
2012
|
|
|
New York
|
|
|
35.9
|
%
|
|
|
37.8
|
%
|
|
Massachusetts
|
|
|
24.6
|
%
|
|
|
25.2
|
%
|
|
New Jersey
|
|
|
10.4
|
%
|
|
|
9.5
|
%
|
|
Florida
|
|
|
5.8
|
%
|
|
|
5.1
|
%
|
|
Connecticut
|
|
|
5.6
|
%
|
|
|
5.0
|
%
|
|